Good luck Base
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Market Update ✅ This Friday, $24 billion worth of Bitcoin options and $6 billion worth of Ethereum options will expire! Many might ask, what does “option expiry” mean? In options trading, on a specific date, some contracts make a profit while others incur a loss. With so many large options expiring on Friday, I expect the market could see high volatility! Market makers will try to push the market to a certain level. If we look at the past, in such situations, they would usually take the market to max pain—meaning heavy downside, causing losses for traders. Will they do the same this time? Will the market be pushed down again? Not necessarily! This time it could be different. They might even pump the market and surprise everyone. Currently, most sentiment is negative, so whatever they do will be planned carefully. The best approach is not to sell hastily, because no one truly knows what market makers are planning. Let’s wait and see what happens
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Invite friends and complete quests to open lucky red packets this Lunar Base Year. Join the lottery for a chance to win up to 3,000 USDC, and climb the Mini App leaderboard to earn USDC rewards. Join for free today, Chop Chop!
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